Massachusetts Reveals 2023 UI Contribution Rates

January 4, 2023

Massachusetts Reveals 2023 UI Contribution Rates

Massachusetts employers should now have received the 2023 UI contribution rates set by the Department of Unemployment Assistance. The rate schedule has dropped from schedule E in 2022 to schedule A for 2023. While at face value schedule A sounds like it means lower UI taxes, in reality employers are still responsible for an additional COVID assessment to cover the cost of bonding $2.7 billion to repay federal UI loans and to shore-up the UI trust fund. While many states allocated significant sums of federal funding for UI trusts, Massachusetts lawmakers have only provided $600 million to date. To learn more about 2023 UI contribution rates visit: https://www.mass.gov/service-details/learn-about-ui-contribution-rates

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Uncategorized

State:

Massachusetts

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